subject: Home Insurance – Company's True Glance [print this page] Home Insurance Company's True Glance
This article would be helpful to all the people who are married and looking for home security. How many times, do you think, a person thinks of getting a security for the house. I think when we make the house; it is the best time to take the security along with that. What is a home security?
It is an insurance scheme wherein the customer pays a monthly rental installment for his house against the stated terms and conditions. When there is an unexpected event on the house, the insurance company pays for it. There may be many unforeseen incidents like if you have your house in any earthquake prone area, you can claim for the money spent on restructuring.
This is just according to papers. In reality, in an earthquake prone area, the insurance companies will not cover up on walls and other damages like weakening of the structural beams and columns. This is because if the insurance companies start covering up for damaged walls in an earthquake prone area, the company will soon dissolve under bankrupt conditions.
This is simply just one example. Some more of calamities on the house may be like in metropolitan cities where the pollution levels are very high. Higher degree of pollution hamper the outside paint of the house and it destroys the beauty of the house. This process may take a few years depending on the degree of pollutions in the city. There are places near the equator where the sun shines so brightly that it fades the paint of the houses.
There may be rain rains in heavily polluted areas. Acid rain reacts with a chemical paints and leaves patches of awkward colors on the walls. Under these conditions, one needs to get a home insurance for the safety of the budget.
The insurance companies are very smart in this manner. They would legally place the terms and conditions in such a manner that you would get confused at the time of claims. Once you produce the bill, the companies will start showing you the contract.
They will clearly show you the points that that they do not cover under the scheme. This is how they make money. You need to be thorough with the contract details before signing the contract. Although, not all insurance companies are bad, the very good ones are tougher to find.
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